Green River Gold: Drilling Progress and Promising Results

In the dynamic world of investing, some investors are drawn to the thrill of options and risky stocks, while others, like myself, prefer the stability and predictability of "boring but lucrative" investments. Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has recently provided an update on its drilling progress and results, offering a glimpse into the potential of its Quesnel Nickel Project and the broader mineral resource estimate.

Green River Gold has completed four drill holes for the 2024 season, including WK-24-01, WK-24-02, WK-24-03, and DH-24-01. The assay results for the first three holes, drilled along the Deep Purple magnetic anomaly, confirm consistent nickel mineralization within the Deep Purple Anomaly. The average nickel grades for these holes are 0.185%, 0.171%, and 0.189% respectively, aligning with previous drilling results and indicating a continuous nickel-bearing ultramafic rock body.

The presence of elevated gold mineralization in DH-24-01, particularly within the Snowshoe Group-Ramos Succession, significantly enhances the potential for additional precious metal discoveries at the Quesnel Nickel Project. This discovery is notable as it occurs in a different geological setting than the previously identified nickel mineralization, expanding the project's mineral potential. The association of gold with pyrite and chalcopyrite in quartz veins suggests a possible orogenic gold deposit, similar to those found in the region.

The gold grade and extent of mineralization in DH-24-01 compare favorably to other drill holes in the area, such as WK-23-01. While the extent of mineralization in DH-24-01 is limited to a 2-meter interval, its gold grade of up to 0.761 g/tonne from 108.0 to 109.0 meters is higher than the 0.158 g/tonne reported in WK-23-01. Both holes indicate potential mineralization, but DH-24-01's higher gold grade suggests more promising results.

The elevated gold mineralization found in DH-24-01 could have a significant economic impact, potentially enhancing the project's overall feasibility. Assuming an average grade of 0.5 g/tonne over a 100m interval, and using a gold price of $1,800/oz, the in-situ value would be approximately $900,000. If this grade is consistent across a larger deposit, it could substantially boost the project's net present value (NPV).

In conclusion, Green River Gold's drilling progress and results demonstrate the potential of the Quesnel Nickel Project and the broader mineral resource estimate. The consistent nickel mineralization and the discovery of elevated gold mineralization in DH-24-01 suggest a promising future for the project. As an investor, I appreciate the stability and predictability of such results, which align with my preference for "boring but lucrative" investments.